Great West Life Assurance Co. Can Acquires 30,716 Shares of Liberty Property Trust (LPT)

Great West Life Assurance Co. Can boosted its position in Liberty Property Trust (NYSE:LPT) by 11.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 305,274 shares of the real estate investment trust’s stock after buying an additional 30,716 shares during the period. Great West Life Assurance Co. Can owned approximately 0.21% of Liberty Property Trust worth $12,418,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Teachers Advisors LLC raised its stake in Liberty Property Trust by 16.5% in the fourth quarter. Teachers Advisors LLC now owns 182,362 shares of the real estate investment trust’s stock worth $7,203,000 after buying an additional 25,870 shares during the period. Gulf International Bank UK Ltd raised its stake in Liberty Property Trust by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 49,039 shares of the real estate investment trust’s stock worth $1,890,000 after buying an additional 700 shares during the period. Bank of Montreal Can raised its stake in Liberty Property Trust by 407.4% in the first quarter. Bank of Montreal Can now owns 1,082,608 shares of the real estate investment trust’s stock worth $41,734,000 after buying an additional 869,239 shares during the period. Capstone Asset Management Co. raised its stake in Liberty Property Trust by 1.3% in the first quarter. Capstone Asset Management Co. now owns 14,797 shares of the real estate investment trust’s stock worth $570,000 after buying an additional 190 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in Liberty Property Trust by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 37,100 shares of the real estate investment trust’s stock worth $1,430,000 after buying an additional 800 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Shares of Liberty Property Trust (NYSE:LPT) traded down 0.19% during trading on Friday, reaching $41.23. 1,381,406 shares of the company’s stock were exchanged. Liberty Property Trust has a 12-month low of $36.22 and a 12-month high of $42.80. The stock has a market cap of $6.07 billion, a P/E ratio of 17.63 and a beta of 0.88. The company has a 50 day moving average of $41.36 and a 200 day moving average of $40.40.

Liberty Property Trust (NYSE:LPT) last released its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. The business had revenue of $183.13 million for the quarter, compared to the consensus estimate of $175.60 million. Liberty Property Trust had a net margin of 47.24% and a return on equity of 11.37%. The business’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. Equities research analysts anticipate that Liberty Property Trust will post $1.24 EPS for the current year.

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A number of analysts recently weighed in on LPT shares. Stifel Nicolaus increased their price objective on shares of Liberty Property Trust from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. BidaskClub downgraded shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, Zacks Investment Research upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Wednesday, June 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $42.50.

Liberty Property Trust Company Profile

Liberty Property Trust (the Trust) is a self-administered and self-managed Maryland real estate investment trust (REIT). The Trust’s assets are owned directly or indirectly, and substantially all of the Trust’s operations are conducted directly or indirectly, by its subsidiary, Liberty Property Limited Partnership (the Operating Partnership).

Institutional Ownership by Quarter for Liberty Property Trust (NYSE:LPT)

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